From “most downloaded” to underdog: Deal gives Wish a lifeline but no guarantees
Inside Retail
FEBRUARY 15, 2024
The purchase price represents about $10 per share and an approximately 44 per cent premium to ContextLogic’s closing stock price on February 9, but it is a tiny fraction of the company’s US$14 billion value at the time of its initial public offering in 2020. Temu is estimated to have spent between US$600 million and US$1.4
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